OFI Invest Asset Management Makes New Investment in Howard Hughes Holdings Inc. (NYSE:HHH)

OFI Invest Asset Management acquired a new position in shares of Howard Hughes Holdings Inc. (NYSE:HHH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE grew its position in shares of Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock worth $106,000 after acquiring an additional 190 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Howard Hughes during the third quarter worth approximately $418,000. Victory Capital Management Inc. grew its position in shares of Howard Hughes by 0.5% during the third quarter. Victory Capital Management Inc. now owns 313,656 shares of the company’s stock worth $24,286,000 after acquiring an additional 1,475 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Howard Hughes by 44.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,987 shares of the company’s stock worth $541,000 after acquiring an additional 2,160 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Howard Hughes by 34.4% during the third quarter. KBC Group NV now owns 1,122 shares of the company’s stock worth $87,000 after acquiring an additional 287 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Stock Performance

Shares of HHH opened at $73.50 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.98. The firm has a market cap of $3.70 billion, a PE ratio of 48.68 and a beta of 1.48. The company’s 50 day simple moving average is $75.87 and its 200-day simple moving average is $77.51. Howard Hughes Holdings Inc. has a 12-month low of $59.00 and a 12-month high of $87.77.

Howard Hughes (NYSE:HHH) last announced its earnings results on Wednesday, February 26th. The company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $983.59 million for the quarter, compared to analyst estimates of $949.18 million. As a group, equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 EPS for the current year.

About Howard Hughes

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.